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2017 Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 38. Alaska Principal and Income Act
Article 2. Unitrusts
Sec. 13.38.410. Release of power to convert to unitrust.
Universal Citation: AK Stat § 13.38.410 (2017)
(a) A trustee may release the power conferred by AS 13.38.300 to convert to a unitrust if the trustee
(1) is uncertain about whether possessing or exercising the power will cause a result described in AS 13.38.380(a)(3), (4), or (5); or
(2) determines that possessing or exercising the power will or may deprive the trust of a tax benefit or impose a tax burden not described in AS 13.38.380.
(b) The release of a power under (a) of this section may be permanent or for a specified period, including a period measured by the life of an individual.
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